American sanctions failed to exclude Russia from the global economy
The sanctions imposed by the United States will not significantly affect the Russian financial system. Member of the Presidium of the Council on Foreign and Defense Policy Alexander Losev stated this today on Vesti FM radio.
“In the field of finance, Russia is a net creditor to the whole world. We will not die from lack of foreign investment. Russia has invested more in the world than the world in Russia, $300 billion,” Losev said.
In addition, he noted, Russia has a high rate of direct participation in global value chains - 38%.
“This is a raw material, but nevertheless it is impossible to exclude Russia from the world economy. The pressure on our export sector will be targeted,” Losev said.
He does not consider it possible to freeze the financial assets of Russian companies in Western banks and disconnect Russia from global payment systems.
“Any freeze means that the dollar is no longer a reliable currency. They will not cut their own branches. Therefore, all that we will observe in this sanctions policy is political, possibly military, pressure. We cannot be excluded from the Swift system, because this will collapse the global payments system,” the expert added.
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